Since the creation of the new town of Cranbrook, on the outskirts of Exeter, we have received no end of calls from potential landlords looking to invest at the development. The benefits of purchasing a new property are extensive, including low maintenance, higher than average rents and high demand – all of which help to produce a high net yield.By working closely with the residents, developers and landlords, Martin & Co have become the lead letting agent in the town. By adding extra value such as accompanying purchasers on the site handover meetings, taking potential purchasers around the town to meet the developers and providing rental assessments and advice, we have been able to ensure our clients are in the best position possible to make an informed decision.
While there are many different styles of houses, flats and coach houses available at the development, I have listed below some rough examples of the rents and yields that we would be likely to achieve. If you are looking to purchase a property at Cranbrook please call me on 01392 254488 for a more detailed breakdown.
1 bedroom flat - £650 - £695pcm. Estimated gross yield – 5.56%
2 bedroom coach house - £795pcm. Estimated gross yield – 5.16%
2 bedroom house - £795pcm. Estimated gross yield – 5.16%
3 bedroom house - £895 - £950pcm. Estimated gross yield – 4.65%
4 bedroom house - £995 - £1100pcm. Estimated gross yield – 4.80%
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